Sunflower oil is a non-volatile, flavourless pressed oil that is derived from sunflower seeds. It is available in various forms and formulations, with most of its chemical components being polyunsaturated linoleic acid and monounsaturated oleic acid.
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In order to create the oil, adequate breeding and production processes are used with the help of distinct fatty acid ratios. It is a rich source of vitamin E. The three most commonly available sunflower oils are linoleic, high oleic, and Nusun.
The top exporters of sunflower oil are Ukraine, Russia, Bulgaria, Netherlands, and Hungary violets largest importers are India, China, Turkey and Spain.
Key Details About the Sunflower oil Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Sunflower oil price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Sunflower oil Price chart, including India Sunflower oil price, USA Sunflower oil price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Sunflower oil Price Trend:
The demand for sunflower oil is on the rise due to its significant usage in culinary applications. It is widely used for cooking and frying due to its high smoke point and subtle taste. It is used for baking in the confectionery industry, cosmetic products, and personal care products. The oil is in high demand owing to its various health benefits, such as better skin and heart health, as well as reduced bad cholesterol. In the cosmetic sector, it is used for formulating various products like moisturizers and gels etc., that help heals breast skin and other similar conditions. Hence owing to its versatile usage, its demand is on the rise.
Key Players:
- Kernel
- EFKO Group
- ASTON JSC
- Cargill Incorporated
- Optimus Agro
- Bunge Limited
- Adams Group
News & Recent Development
- 15 June 2023- The import duty on refined sunflower oil was lowered from 17.5% to 12.5%.
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